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Business & Finance

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Project Status: Galloper Offshore Wind Farm
Business & Finance

Project Status: Galloper Offshore Wind Farm

RWE Innogy UK continues to lead the development and construction of Galloper Offshore Wind Farm after agreeing exit arrangements with SSE. Along with this announcement, the company has provided a short update on the project’s status. The project is progressing along the existing timeline, with new s

about 12 years ago
NASA Aids in Harnessing Ocean Energy
Business & Finance

NASA Aids in Harnessing Ocean Energy

NASA is helping the U.S. Department of Energy (DOE) harness the power of the oceans by first harnessing the power of the crowd. Ocean waves hold a tremendous amount of energy that is almost entirely untapped, despite our ever-growing need for sustainable, non-polluting electricity. Part of the reaso

about 12 years ago
Galloper OWF: SSE Shakes Hands with RWE on Pull-Out Plan
Business & Finance

Galloper OWF: SSE Shakes Hands with RWE on Pull-Out Plan

SSE has agreed exit terms with its 50:50 joint venture partner, RWE Innogy for its interest in the Galloper offshore wind farm project. In March, SSE announced that it would not be progressing its stake in the Galloper offshore wind farm project beyond the development phase. Under the exit arrangeme

about 12 years ago
USA Allocates USD 7.25 Mln to Marine & Hydrokinetic Industry
Business & Finance

USA Allocates USD 7.25 Mln to Marine & Hydrokinetic Industry

The U.S. Energy Department has announced $7.25 million for six organizations that will continue to advance water power as a viable resource for America’s clean energy portfolio. Marine and hydrokinetic (MHK) technologies convert the energy of waves, tides, rivers, and ocean currents into electricity

about 12 years ago
OWIB Sees Growth in Following EWEA Offshore
Business & Finance

OWIB Sees Growth in Following EWEA Offshore

At the OWIB Network dinner in Esbjerg on Wednesday evening, Offhoreenergy.dk CEO, Morton Basse Jensen, announced a change in the program format for 2015. In a move to stimulate increased international participation in OWIB the event will follow the EWEA Offshore exhibition and conference. OWIB 2015

about 12 years ago
GlobalData: UK’s Offshore Wind to Grow Significantly by 2020
Business & Finance

GlobalData: UK’s Offshore Wind to Grow Significantly by 2020

Supported by aggressive renewable targets, policy backing and a shift towards a greener climate, the UK propelled itself to the head of the global offshore wind power market in 2013, boasting a cumulative installed capacity share of around 52%, according to research and consulting firm GlobalData. T

about 12 years ago
Cammell Laird’s Workers Close to Strike
Business & Finance

Cammell Laird’s Workers Close to Strike

Industrial action looms at Cammell Laird Shipyard in Birkenhead as GMB members vote to take action in pay dispute. An overtime ban and other action short of a strike will begin on 11th September and if meaningful talks are not restarted there will be a 24-hour strike on 22nd September, says GMB. 560

about 12 years ago
Stonehenge Metals Raising Funds for Wave Energy Device Testing
Business & Finance

Stonehenge Metals Raising Funds for Wave Energy Device Testing

Stonehenge Metals Limited is looking to acquire funds for exploration of the existing projects in South Korea, as well for the development of Protean Wave Energy Converter (WEC) technology. The company plans to issue 300,728,672 new shares with a total value of around AUD 1.5 million (EUR 1.07 milli

about 12 years ago
InterMoor Opens New Facility in Aberdeen
Business & Finance

InterMoor Opens New Facility in Aberdeen

InterMoor, an Acteon company, has opened a major new storage, maintenance and inspection facility in Aberdeen, UK. The new base – on a three-acre site with a warehouse, 20 permanent onsite staff and a multi-million pound mooring inventory – will support InterMoor’s global mooring operations with a f

about 12 years ago
Siemens, ABP Get Green Port Hull Consent
Business & Finance

Siemens, ABP Get Green Port Hull Consent

Hull City Council’s Planning Committee has given its consent to the proposed works at Alexandra Dock, Green Port Hull, following the submission of detailed plans by Associated British Ports (ABP) and Siemens plc in June this year. In March Siemens and ABP announced a combined investment of £310m to

about 12 years ago
Three East Anglia Ports Boost Local Economy
Business & Finance

Three East Anglia Ports Boost Local Economy

The true scale of the economic contribution of Associated British Ports’ three ports in East Anglia has been revealed in a new report by independent consultants Arup. Together the three ports – King’s Lynn, Lowestoft and Ipswich – contribute £340 million to the UK economy annually and support 5,000

about 12 years ago
UK Govt Sets CfD Allocation Dates
Business & Finance

UK Govt Sets CfD Allocation Dates

The UK Department of Energy and Climate Change (DECC) has determined the dates for the allocation of Contracts for Difference for clean energy. The first round starts on October 14 and ends on March 31 2015. Applications for this round can be submitted until October 27. “The Delivery Years 2014/15 t

about 12 years ago
Greater Gabbard OWF’s Cabling Infrastructure Worries Local Fishermen
Business & Finance

Greater Gabbard OWF’s Cabling Infrastructure Worries Local Fishermen

The developers of the Greater Gabbard offshore wind farm, which is fully operational since 2012, are meeting with local fishermen in Lowestoft today to discuss possible solutions to the issues reported by the fishermen. Fishermen that operate in the Greater Gabbard area are having problems with the

about 12 years ago
3sun: Offshore Wind Presents Powerful Opportunities, Gusty Challenges
Business & Finance

3sun: Offshore Wind Presents Powerful Opportunities, Gusty Challenges

As an alternative to fossil fuels, wind power is plentiful, renewable, clean and produces no greenhouse gas emissions during operation. The effects on the environment are generally less problematic than those from other power sources. In 2010, wind energy production was more than 2.5 percent of tota

about 12 years ago
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